Moving away from spreadsheets to a system based on electronic records means that SMEs can gain greater insights and control, reducing costs and providing a faster and more accurate T&E approval and payment system, find Aberdeen and Concur.
Aberdeen and Concur find that travel-related expenses equate to nearly 7% of the average mid-market organisation's total budget, a factor which reinforces the need for improved strategies in managing expense for this sector. Inside:
This Concur-sponsored white paper analyses how expense management has been slowly creeping into the strategic realm for the past decade, and this internal set of processes has significant corporate ramifications if managed without an effective eye. Key recommendations:
Employees are increasing smartphone usage for businesses, and T&E management “on-the-go” is becoming a best practice. Mobile management can help improve policy compliance, faster reporting times, and lower expense-processing costs.
Aberdeen research shows that Best-in-Class enterprises are leveraging key technologies and services in combination with developing critical organizational capabilities and strategies to improve compliance with corporate T&E policies.
This Aberdeen report highlights the drivers influencing how organisational strategies and capabilities, in combination with key technologies, are employed by companies to address T&E expense management and to drive compliance, operational efficiencies, and cost savings. Inside: